- Complete the high-level view of the client tax profiles.
- Identify the category.
- Identify the client IDs within the category.
- Enter taxpayer’s names.
- Enter filing status.
- Enter the spouse’s name if applicable.
- List the dependents.
- Perform an analysis based on reviews of the additional information from client profiles and Form 1040.
- Income Streams: Consider all forms of income, look at the AGI or taxable income.
- Deductions: Review deductions for the tax year.
- Tax Credits: Review tax credits for the tax year.
- List multiple tax planning factors.
Perform an analysis based on reviews of the additional information from client profiles and Form 1040
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